Gap tops 2Q profit expectations, meets revenue forecasts

On a per-share basis, the San Francisco-based company said it had profit of 75 cents. Earnings, adjusted for non-recurring gains, came to 70 cents per share.

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The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.

The clothing chain posted revenue of $3.98 billion in the period, which matched Street forecasts.

Gap shares have risen 10 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 8 percent. At the close of trading on Thursday, shares were trading at $43.18, a climb of 1 percent in the last 12 months.

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This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full GPS report: http://www.zacks.com/ap/GPS